Finance News
By Maheen Hernandez
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Ernst and Young are launching a tool to make cryptocurrency bookkeeping a lot easier. This tool is named as “Crypto-Asset Accounting and Tax Tool,” or CAAT in short.
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In the past year, EY acquired Elevated Consciousness, a blockchain startup who were the team who originally developed CAAT software.
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It is mainly targeted at institutional investors, presently, who have some digital assets and it will be made available to small investors at a later point in time.
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CAAT will source the transaction level information from all major exchanges. This will be used to generate tax reports that can be eventually used to prepare Service Tax Returns…
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This might not be an appealing tool for everyone. This will be particularly useful to companies who are making a lot of cryptocurrency transactions.
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Ethereum Fork has helped recover the millions of cryptocurrency frozen in the Parity. Parity is a blockchain project that builds the decentralized internet technology, which has…
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Constantinople that also consists of the CREATE2 upgrade provides with the way get the frozen funds back.
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Jutta Steiner, CEO of Parity stated, “If CREATE2 functionality existed at that time, there would not have been the vulnerability.
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The Polkadot project is currently in the fundraising stage, and the capability of Parity to recover the frozen funds will not in any way impact the process.
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The perpetrators tortured the trader for passwords and other details required to gain access to the cryptocurrency.
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This is not the first time that cryptocurrency investors are being targeted. The most notable example of criminals targeting the holders of Bitcoin was in Ukraine where the value…
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